SAO PAULO (Reuters) - Brazil's coffee production was estimated on Thursday at 50.3 million 60-kg bags, down 3.5% from the previous month's forecast, according to estimates by the Brazilian Coffee Institute. Geography and Statistics (IBGE).

With the revised estimate of the harvest that has already been harvested, IBGE now estimates a 16% decline in Brazil's coffee production compared to 2018, when the country was in the upward cycle of Arabica coffee.